Launchpad.meme vs Tether

Tether (USDT) is 10105330.8× the size of Launchpad.meme (LPAD) by market capitalisation. Over the past 30 days, USDT is ahead by 52.3 percentage points (LPAD -52.3% against USDT -0.0%). Their daily returns move barely in opposite directions (correlation -0.04 across 24 shared trading days). LPAD has been the more volatile of the two, at 188% annualised against USDT's 1%.

Correlation: -0.04
Size ratio: 1 : 10105330.8
Ahead over 30 days: USDT

Launchpad.memeLPAD

$1.816e-5

24h: -0.35%
Market cap: $17,568
Volume 24h: $1,023
Volatility (ann.): 188%

TetherUSDT

$0.999024

24h: -0.04%
Market cap: $177.53B
Volume 24h: $62.24B
Volatility (ann.): 1%

LPAD 0.0%Share of the two combined market caps100.0% USDT

Performance

LPADUSDT

7 days+21.18%+0.03%LPAD
30 days-52.31%-0.04%USDT

Correlation

-0.04over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	LPAD	USDT
Max drawdown (400d)	-68.9%	-0.2%
Risk-adjusted return (90d)	-0.32	0.03

Relative strength over 90 days: USDT outperformed LPAD by 43.5% — measured on the LPAD/USDT ratio, so it holds regardless of market direction.

Launchpad.meme →Tether →